The story of this market
The typical home in ZIP 72301 sells for about $160,000, or $115 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 72301 — West Memphis
The 72301 housing market is characterized by affordability, with a median listing price of $160,000 and a steady supply of inventory. Market activity is driven by the local logistics-based economy, though high poverty rates and school performance remain significant factors influencing buyer demand. Figures for specific metrics like price-cut percentages are estimated based on current market trends.
This ZIP is well-suited for budget-conscious families and commuters working in the Memphis logistics sector who prioritize proximity to the city over suburban amenities.
Median prices moved up 2.5% year over year.
Homes spend a median of 65 days on market with 5.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 28.5% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 72301, Crittenden County AR
Crime rates in West Memphis are significantly higher than the national average, with property and violent crime being primary concerns for the area.
Public schools in the West Memphis School District generally receive lower ratings compared to state averages, reflecting ongoing challenges in academic performance.
The area is located in a region with moderate flood risk due to its proximity to the Mississippi River and flat topography, requiring careful consideration of flood insurance.
Economic momentum is driven by logistics and distribution centers due to the city's strategic location near the Memphis metro area and major interstate intersections.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arkansas) — Arkansas Disabled Veteran Total Property Tax Exemption: Provides a 100% exemption from all ad valorem real property taxes on the principal homestead. Formula: Net Ad Valorem Tax Due = $0.00. State (Arkansas) — Arkansas Senior and Disabled Assessment Freeze: Freezes the assessed taxable value of the homestead at the prevailing assessed value at the time the owner becomes eligible or purchases the property. State (Arkansas) — Arkansas State Homestead Property Tax Credit: Provides a direct reduction against ad valorem property taxes up to $350.00 (increased to $350 by Act 655 of 2009; further statutory increases may apply up to $425 depending on legislative session). Formula: Final Tax Due = max($0, Gross Ad Valorem Tax - Homestead Credit). State (Arkansas) — Arkansas Amendment 79 Assessment Growth Caps (Assessment Limitation): Caps annual assessed value growth following a countywide reappraisal: homestead parcel taxable assessments cannot increase by more than 5% per year, and non-homestead residential parcel taxable assessments cannot increase by more than 10% per year until taxable assessment reaches… State (Arkansas) — Arkansas Ad Valorem Property Tax Assessment Ratio and Valuation: Imposes an ad valorem property tax based on a uniform statutory assessment ratio of 20% of true market value.
Residents primarily commute via I-55 and I-40, providing direct access to the Memphis employment core, typically a 15-20 minute drive.
Local amenities include Tilden Rodgers Park and various community centers, with proximity to the Mississippi River for outdoor activities and basic retail shopping along Broadway.
The rental market is characterized by high demand for affordable housing, with a significant renter share and steady pressure on vacancy rates.
The economy is heavily anchored by the logistics, transportation, and warehousing sectors, leveraging the area's position as a regional distribution hub.
The area is served by major interstate highways I-55 and I-40, which are critical for regional freight and commuter traffic.
Development is focused on industrial expansion and infrastructure improvements to support the growing logistics sector.
Crittenden County Assessor manages property valuations, with assessments typically updated to reflect market value trends.
Parcels are subject to West Memphis School District taxes and various municipal utility service fees.
Property insurance premiums are influenced by the area's flood zone designations and regional weather patterns.
Data retrieved from data.census.gov ZCTA 72301 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Large community park with sports fields and picnic areas.
Local anchor institution providing workforce training and higher education.
Primary commercial corridor featuring local dining and retail services.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.